# Rupiah strengthens 26 points on optimism about US-China trade agreement - ANTARA News

> The rupiah rose 26 points to close at 13,992 per dollar on optimism about a US-China trade deal. Trump postponed a planned tariff increase on Chinese goods set for March 1 and planned a summit with Xi Jinping, and lower crude prices also supported the currency.

- Date: 2019-02-26 · published 2019-02-26T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/60894-rupiah-strengthens-26-points-on-optimism-about-us-china-trade-agreement-antara
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Progress toward a US-China deal supports expectations of higher Chinese purchases of US soybeans and grains, while lower crude prices reduce Indonesia's fuel import bill.

## Read by commodity

- SOY: bullish ▲
- WTI: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-26 | [AUD/USD: Australian Dollar Advances On US — China Trade Optimism - Currency Live](https://feedsoft.ai/events/57331-aud-usd-australian-dollar-advances-on-us-china-trade-optimism-currency-live.md) | +2.8% | +5.0% |
| SOY | 2025-12-09 | [China buys U.S. soybeans after Trump trade agreement](https://feedsoft.ai/events/14615-china-buys-u-s-soybeans-after-trump-trade-agreement.md) | -2.0% | -3.7% |
| SOY | 2020-10-27 | [Sec. Perdue Optimistic About China Reaching Phase One Targets \| Hoosier Ag Today](https://feedsoft.ai/events/50505-sec-perdue-optimistic-about-china-reaching-phase-one-targets-hoosier-ag-today.md) | -3.4% | +9.5% |
| SOY | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.1% | +3.0% |
| SOY | 2017-08-04 | [Trump delay on China trade action good news for agriculture](https://feedsoft.ai/events/69324-trump-delay-on-china-trade-action-good-news-for-agriculture.md) | -2.1% | -1.5% |
| WTI | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -6.9% | +4.9% |
| WTI | 2018-04-03 | [MARKET WATCH: NYMEX, Brent crude prices drop on US-China trade tensions \| Oil & Gas Journal](https://feedsoft.ai/events/10844-market-watch-nymex-brent-crude-prices-drop-on-us-china-trade-tensions-oil-and.md) | +0.6% | +8.8% |
| WTI | 2019-05-23 | [Oil plunges as US-China trade dispute heats up, Iran tension cools](https://feedsoft.ai/events/7395-oil-plunges-as-us-china-trade-dispute-heats-up-iran-tension-cools.md) | -4.2% | -12.5% |

## Sources

- en.antaranews.com: https://en.antaranews.com/news/122464/rupiah-strengthens-26-points-on-optimism-about-us-china-trade-agreement

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.